Last A$2.45 AUD
Change Today +0.01 / 0.41%
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As of 2:11 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

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06/25/14 - A$2.49
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duet group (DUE) Details

DUET Group, through its subsidiaries, invests in energy utility assets in Australia. The company’s asset portfolio includes 80% interest in the Dampier Bunbury natural gas pipeline connecting the natural gas reserves of the Carnarvon and Browse basins on Western Australia’s North West Shelf with industrial, commercial, and residential customers in Perth and the surrounding regions; and 66% interest in United Energy Distribution that operates electricity distribution network covering approximately 1,472 square kilometers of Southeast Melbourne and the Mornington Peninsula. Its asset portfolio also comprises 100% interest in Multinet Gas Group Holdings, a gas distribution company with a network covering approximately 1,860 square kilometers of the eastern and south-eastern suburbs of Melbourne. The company is based in Sydney, Australia.

duet group (DUE) Top Compensated Officers

Chief Executive Officer and Member of Complia...
Total Annual Compensation: A$762.0K
Chief Financial Officer
Total Annual Compensation: A$485.1K
Compensation as of Fiscal Year 2013.

duet group (DUE) Key Developments

DUET To Not To Bid For Queensland Gas Pipeline Of BG Group

As infrastructure investors pore over the AUD 3 billion Queensland gas pipeline on offer from BG Group plc (LSE:BG.), DUET Group (ASX:DUE) for one has decided not to lodge an indicative bid by the August 28, 2014, reported Australian Financial Review. Duet and other listed players such as Spark Infrastructure Group (ASX:SKI) are expected to find it hard to compete against some unlisted rivals, while the structuring of the sale as a passive investment reduces its attractiveness for pipeline operators such as DUET and APA Group (ASX:APA). Even so the auction should be hotly contested, with many parties taking a very close look, Borealis Infrastructure Trust, Cheung Kong (Holdings) Limited (SEHK:1) and Hastings Funds Management Limited among them, plus potentially APA's unlisted Energy Infrastructure Investments Pty Limited.

GE Reportedly Puts Power Plant On Block; DUET, APA, Envestra Reported To Be Possible Suitors

General Electric Company (NYSE:GE) (GE) is said to be looking for approaches from major infrastructure investors interested in buying its $1.2 billion Worsley Alumina power plant, following plans by GE to float the West Australian asset on the Australian Securities Exchange. According to the news report, DUET Group (ASX:DUE), APA Group (ASX:APA), and Envestra Limited (ASX:ENV) could be potential suitors. It is also said that GE's move to float or sell the Worsley plant is driven by the limited availability of high-yielding listed infrastructure investment opportunities. Recently, The Australian reported that it has been positioned for a potential IPO through Macquarie Capital, with a $1.2 billion-$1.3 billion enterprise value and a market value between $484 million and $512 million. According to the report, GE did not comment and Macquarie did not return calls. The plant is a two-unit multi-fuel cogeneration plant with a -capacity of 550tph of steam and 104MW of electricity.

DUET Group Provides Distribution Guidance for Fiscal 2015

DUET Group distributions will grow by a further 2.9% in fiscal 2015. Growth in distributions beyond fiscal 2015 will be subject to a number of outcomes, including the regulatory tariff reset effective from January 2016 for each of DBP and United Energy and DBP's shipper recontracting discussions which are currently in progress.


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DUE Competitors

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Company Last Change
AusNet Services A$1.40 AUD +0.02
Envestra Ltd A$1.32 AUD 0.00
Infratil Ltd $2.43 NZD +0.01
Liquefied Natural Gas Ltd A$3.99 AUD -0.04
Spark Infrastructure Group A$1.99 AUD +0.025
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Valuation DUE Industry Range
Price/Earnings 15.9x
Price/Sales 2.5x
Price/Book 2.1x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful

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